HP, DR Horton, Leap Wireless are Friday movers

AP News
Posted: Jun 01, 2012 4:55 PM
HP, DR Horton, Leap Wireless are Friday movers

Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:


Hewlett-Packard Co., down $1.43 at $21.25

A Jefferies analyst downgraded shares of the computer maker saying that tablet computers and smartphones could hurt its business.

Modine Manufacturing Co., down 54 cents at $5.94

The heating and cooling products maker said fourth-quarter net income rose, buts its 2013 outlook disappointed investors.

Iamgold Corp., up 98 cents at $11.65

A weaker than expected May U.S. job report pushed investors to buy gold, sending shares of gold miners like Iamgold up.

Smith & Nephew PLC, down $1.53 at $45.13

The medical device maker is withdrawing a metal liner used in hip replacements because it is "not satisfied" with its clinical results.

DR Horton Inc., down $1.39 at $15.21

Shares of home builders, including DR Horton, fell after the government released a weaker than expected May U.S. jobs report.


Leap Wireless International Inc., down 71 cents at $5.06

A BMO Capital Markets analyst downgraded the phone company's shares, saying its deal to sell a prepaid iPhone could hurt margins.

Vera Bradley Inc., down $2.06 at $19.81

A Citi analyst downgraded shares of the bag and accessories maker saying that he doesn't think the stock will move much higher.

OmniVision Technologies Inc., down $2.79 at $13.40

The maker of image sensors used in mobile phones said that its profit fell 92 percent in the fiscal fourth quarter as sales dropped.